YCP ETF and Mutual Fund Rankings: August 2013

Fund Rankings Update, 8/30/2013

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at https://sites.google.com/site/ycprankings/ and AMI Tables and Logs

Concern about Fed's tapering of bond buying program in September and US' military strike of Syria push stocks down for another week. Stocks ended up down for the week and down for the month of August with S&P 500 index closed at 1632, down 1.84%, Dow Jones Industrial Average lost 1.33%, and Nasdaq composite decreased 1.86% for the week.

Technical picture of S&P 500 index shows stock markets remain in correction mode. In the daily chart, S&P 500 index has failed to break above its 50 day moving average at 1660, while trying to build a short term bottom in the last three trading days at 1630. In the weekly chart, the index has closed near its support line with its momentum indicator heading downwards. We will see if the trend line support at 1620-1630 can hold the falling index.

Daily chart of S&P 500 index

Weekly chart of S&P 500 index

Fund Rankings Update, 8/23/2013

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.awardspace.us/ and AMI Tables and Logs

Solid corporate earning reports were offset by investors' worry about Fed's tapering of the 85 billion monthly bond buying program. Stocks ended up mixed with S&P 500 index closed at 1663, up 0.46%, Dow Jones Industrial Average lost 0.47%, and Nasdaq composite increased 1.53% for the week.

In the daily chart, S&P 500 index managed to close the week above the 50 day moving average. The daily momentum is still very week and MACD in the chart suggests that the index still have not turned the corner yet. In the weekly chart, the weekly momentum indicator has come down from over bought condition and heading downward, which confirms the continuation of the short term correction.

Over the past two weekends, I have learned to dynamically display the ranking tables and trading logs on my blog site (AMI Tables and Logs) using inline frame in html. I plan to remove the http link and only post tables and logs in the blog site only in the future. Hope you like this feature and let me know if you have any suggestion.

Daily Chart of S&P 500 Index

Weekly Chart of S&P 500 Index

AMI Rankings and Trading Logs

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RSP| SSPP| HSA| Select| ETF| sETF| iETF

Fund Rankings Update, 8/16/2013

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://ycprankings.atspace.com/

Stocks endured the second week of loss as investors get nervous about the timing of Fed's tapering of QE policy and the appointment of Fed chairman Ben Bernanke's successor. S&P 500 index closed at 1655, down 2.1%, Dow Jones Industrial Average lost 2.23%, and Nasdaq composite decreased 1.57% for the week.

In the daily chart, S&P 500 index has come down dramatically, with sharp sell-off on Thursday, to test its 50 day moving average and 1650 support level. We may see some rebound at this level as stocks are in the short term overbought condition but MACD in the chart suggests that we still have some selling to go. On the down side, the next logical support is 1600 level for the S&P 500 index.

Daily Chart of S&P 500 Index

Fund Rankings Update, 8/9/2013

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings
and
HSA Ranking Table
SSPP Ranking Table
New SSPP (RSP) Ranking Table
Select Ranking Table
ETF Ranking Table
sETF Ranking Table
iETF Ranking Table
SSPP, RSP and HSA Trading Logs
Select and FEMKX Trading Logs
ETF, sETF and iETF Trading Logs

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With no corporate earning reports and economy data, stocks, like cars running on empty tanks of fuel, lost their momentum. S&P 500 index closed at 1691, down 1.07%, Dow Jones Industrial Average lost 1.49%, and Nasdaq composite decreased 0.8% for the week.

After breaking above resistance of 1700, S&P 500 index retreated back to the the narrow trading channel between 1700 and 1680 this week. The momentum indicator is falling in the daily chart but still stays in the high region in the weekly chart. The likely scenario is a healthy short term consolidation or correction here for the index to keep digesting its lofty gain so far this year and for the 50 day moving average to catch up in the daily chart.

In case you did not see the comment I made in my last week's blog, I have identified four funds (ARGFX, FDGRX, FCNTX, and FLPSX) in our 401k plan (RSP) that showed good growth records. My selection rule is very simple: The current price of the fund needs to be higher than its 2007-2008 (pre- great recession) high. For people who are not comfortable with trading funds, these four funds are good candidates for investing using dollar averaging method as they can recover from deep sell-off.

Daily Chart of S&P 500 Index

Weekly Chart of S&P500 Index

Fund Rankings Update, 8/2/2013

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted at http://sites.google.com/site/ycprankings
and
HSA Ranking Table
SSPP Ranking Table
New SSPP (RSP) Ranking Table
Select Ranking Table
ETF Ranking Table
sETF Ranking Table
iETF Ranking Table
SSPP, RSP and HSA Trading Logs
Select and FEMKX Trading Logs
ETF, sETF and iETF Trading Logs

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On Wednesday, data showed that Second quarter GDP came in at a better than expected 1.7% and indicated a stronger second half to come. The news coupled with reports of less jobless claims, gave stocks a boost to break though their consolidation for the past 2 weeks. S&P 500 index closed at 1709, up 1.07%, Dow Jones Industrial Average gained 0.64%, and Nasdaq composite increased 2.12% for the week.

S&P 500 index has broken the round number resistance of 1700. The technical picture stays the same: Price is above the support and trending upwards with high momentum. The rally stays strong and will continue for sometime. Rising tide lift all boats. For the third week, none of the US industrial sectors has negative momentum index as shown in SELECT ranking table. The bio tech, auto and financial are the sectors leading the packs. Global regions are still weaker than US with European countries relatively stronger than Asian and Latin American countries.

Weekly Chart of S&P 500 index